Taxation SuiteApps

This release note was updated March 16, 2022.

Following are the 2022.1 taxation enhancements to SuiteApps:

SuiteTax SuiteApps

Important:

The SuiteTax enhancements in this section are applicable only to NetSuite production and Sandbox accounts where the SuiteTax feature is enabled. For NetSuite accounts without SuiteTax, see Legacy Tax SuiteApps.

Tax Reporting Framework Enhancements

Tax Reporting Framework SuiteApp includes the following enhancements in 2022.1:

One Stop Shop (OSS) Reporting Preferences for Accounts without SuiteTax

In Tax Reporting Framework SuiteApp version 1.13.0, values based on the OSS reporting preferences now appear on the Country Tax Report page. The Start Period and End Period on the Country Tax Report page are automatically calculated based on the Reporting Frequency preferences. This enhancement to the OSS reporting preferences is available in NetSuite accounts without SuiteTax.

For more information, see Setting EU VAT One Stop Shop Preferences.

Set Up Tax Return Page Enhancements

Tax Reporting Framework SuiteApp version 1.12.0 includes the following enhancements:

  • Support for Taxable Shipping Costs - Taxable shipping costs can now be included in the generated reports. A new Include Shipping box is available in the Search Type filter box on the Set Up Tax Return page.

  • Tax Reporting Category Filter Box Changes - The Tax Reporting Category filter box is now available on the Set Up Tax Return page for both journals and expenses. The Tax Reporting Category column is now also available on saved searches of expenses and journals.

For more information, see Customizing Localized Tax Returns.

Tax Reporting Category Enhancements

In Tax Reporting Framework SuiteApp version 1.10.0, the Tax Reporting Category sublist field is enabled on all taxable transaction lines for accounts with SuiteTax and all taxable transaction lines with a Norway nexus for accounts without SuiteTax.

The following are the supported transaction types:

  • Cash Sales

  • Expense Reports

  • Invoices

  • Journal Entries

  • Purchase Orders

  • Sales Orders

  • Vendor Bills

  • Vendor Return Authorizations

  • Credit Memos

  • Bill Credits

Custom Detailed Report Templates

Tax Reporting Framework SuiteApp version 1.10.0 adds support for custom detailed report templates. The new detailed report templates do not have a fixed set of columns and provide Localization teams with more flexibility in customizing reports.

Enhanced Support for Accounts without SuiteTax

Tax Reporting Framework SuiteApp includes the following enhancements for accounts without SuiteTax:

  • Country Tax Reports Preferences – Starting version 1.06, you can now access this page in NetSuite accounts without SuiteTax. This page enables you to set your preferences when generating your country tax reports. To access the Country Tax Reports Preferences page, you must install a localization SuiteApp that provides a VAT report.

    You can configure the following settings on the Country Tax Reports Preferences page:

    • Period Filters

    • Tax Audit Files Data Filters

    See Setting Up Country Tax Reporting Preferences and Tax Reporting Framework Support For Accounts Without SuiteTax for more information.

  • VAT Reporting Features – Version 1.09.0 provides additional features to support VAT report generation on localization SuiteApps. The following features are now available:

    • VAT Report Generation

    • Notional Tax Amount Reporting

    • VAT Return Form Versioning

    • Non-deductible Tax Amount Reporting 

    • PDF and XML Export

    For more information, see the help topic Tax Reporting Framework Support For Accounts Without SuiteTax.

  • Adjust Tax Return - Starting version 1.11.0, the SuiteApp enables you to adjust tax amount values in the Country Tax Report form in NetSuite accounts without SuiteTax. This feature automatically creates journal entries for the adjusted tax amounts from your tax return, with all necessary changes and adjustments in a single form. For more information, see Adjusting A Country Tax Report In Accounts Without SuiteTax.

  • VAT Group Reports - Version 1.11.0 includes the VAT group reporting feature, which enables you to consolidate VAT reporting of your parent and child subsidiaries with the same nexus. Transactions are consolidated in the parent subsidiary, where the VAT report is generated. Amounts are also shown in the parent subsidiary's base currency. For more information, see Generating Localized Country Tax Reports.

Note:

You can access the VAT reporting features when you install a localization SuiteApp that provides VAT reports built with these features.

Legacy Tax SuiteApps

Important:

The legacy tax enhancements in this section are applicable only to NetSuite accounts without the SuiteTax feature. For NetSuite accounts with SuiteTax, see SuiteTax SuiteApps.

International Tax Reports Enhancements

The International Tax Reports SuiteApp includes the following enhancements in 2022.1:

Germany VAT Report Updates

In International Tax Reports version 3.121.0, the XML files for Germany annual VAT reports are updated for report compatibility with ElsterTransit. ElsterTransit replaces FormularDepotXI, and is now the e-filing solution supported by NetSuite for online submissions of Germany VAT returns. For more information, see Submitting the German Tax Return to Elster.

The Germany Monthly/Quarterly VAT Return is also updated to properly report the One Stop Shop (OSS) tax code in Box 45: Net amount of sales OS-DE. For more information about Germany VAT reporting see What goes into each box – Germany Monthly/Quarterly VAT report.

Note:

Only OSS transaction lines that use OSS tax codes are supported by the SuiteApp. OSS transactions that use other tax codes are not included in the reports provided by the International Tax Reports SuiteApp.

United Kingdom Reduced Rate Tax Code and VAT100 Report Updates

In July 15, 2020, United Kingdom temporarily applied a reduced rate of 5% (R-GB) to certain supplies in the tourism and hospitality sectors. This temporary reduced rate ended on September 30, 2021. Effective October 1, 2021, United Kingdom will apply a reduced rate of 12.5% to applicable tourism and hospitality sectors.

International Tax Reports version 3.121.0 includes automatic provisioning of the new reduced rate tax code upon creation of new United Kingdom subsidiary or nexus.

Tax Code

Description

Properties

R1-GB

Reduced Rate 12.5%

  • Rate: 12.5%

  • Effective From: October 1, 2021

  • Available On: Both (Sales and Purchases)

The UK VAT100 Report also includes the following updates:

  • The following boxes are updated to include the R1-GB tax code:

    • Box 1: VAT due on sales and other outputs

    • Box 4: VAT reclaimed in this period on purchases and other inputs (including acquisitions from the EC)

    • Box 6: Total value of sales and all other outputs excluding any VAT

    • Box 7: Total value of purchases and all other inputs excluding any VAT

  • Box 6: Total value of sales and all other outputs excluding any VAT is updated to properly report the EU One Stop Shop (OSS) tax code type.

    Note:

    Only OSS transaction lines that use OSS tax codes are supported by the SuiteApp. OSS transactions that use other tax codes are not included in the reports provided by the International Tax Reports SuiteApp.

To learn more about UK’s VAT100 form update and tax codes, see United Kingdom Tax Codes and What goes into each box – United Kingdom VAT100 report.

EU 2022 Intrastat Dispatch Report Fields Update

International Tax Reports version 3.122.0 includes two new fields on forms for sales transactions between EU member states:

  • Country of Origin – This field refers to the country where the goods were harvested, manufactured, or substantially changed.

  • Partner ID – This field refers to the VAT Number of the customer in the receiving Member State.

These new fields are shown on the Tax Reporting subtab and in the Items sublist of the transaction. For more information, see Intrastat Reporting Fields.

Germany 2022 Intrastat Dispatch Report Updates

International Tax Reports version 3.122.0 includes the following updates for the Germany Intrastat Dispatch Report:

  • Germany Intrastat Dispatch Report now includes two new fields, Country of Origin and VAT ID No. of the Partner Operator.

  • An Export to CSV option is now available for the Germany Intrastat Dispatch Report. Starting January 2022, the German government no longer accepts submission of file reports in ASCII format.

  • Germany Nature of Transaction Code (NoTC) is updated for 2022:

    • Descriptions for transaction codes 11, 12, 22, 31, 32, 33, 34, 41, 42, 51, 52, 71, 72, and 81 are updated.

    • New NoTCs 67, 68, and 69 are available on the Manage Tax Reporting page.

      Note:

      If you already created these nature of transaction codes prior to the SuiteApp release, you do not need to set these up again.

For more information about these enhancements, see Intrastat Report for Germany.

United Kingdom 2022 Intrastat Dispatch Report Updates

International Tax Reports version 3.122.0 includes the following updates for the U.K. Intrastat Dispatch (Sales) Report:

  • The country form name is renamed to Northern Ireland (English) 2022.

  • Two new columns are added to the report.

    • Country of Origin

    • Partner VAT ID

For more information about these enhancements, see Intrastat Report for United Kingdom.

Belgium Counterparty VAT Number Field Updates

The Counterparty VAT Number field on transaction forms for Belgium is renamed to Partner ID. The value in this field is still reflected in the Counterparty VAT Number column on the Intrastat Dispatch report for Belgium. For more information, see Belgium Intrastat Report Fields.

Sweden 2022 Update on VAT Report and Tax Codes

International Tax Reports version 3.122.0 includes an updated Sweden VAT form to support the new tax codes for import of services from outside EU. The following tax codes are provisioned to newly created Sweden subsidiaries or nexuses:

  • ISR-SE - Purchase of services from outside the EU (12%)

  • ISSR-SE - Purchase of services from outside the EU (6%)

The Sweden VAT form reflects the ISR-SE and ISSR-SE tax codes in the following boxes:

  • 22 - Purchase of services from countries outside the EU

  • 31 - Output VAT

  • 32 - Output VAT

  • 48 - Input VAT to be deducted

For more information about the new tax codes and the Sweden VAT form update, see Sweden Tax Codes and What goes into each box - Sweden VAT report.

Norway Tax Codes Provisioning for 100% Non-Deductible Input Tax

International Tax Reports version 3.122.0 includes automatic provisioning of 100% non-deductible input tax codes for Norway’s new digital value-added tax (VAT) reporting.

The following tax codes are provisioned to newly created Norway subsidiaries or nexuses:

  • 82_NO - Importation of goods, without deduction of VAT Regular rate

  • 84_NO - Importation of goods, without deduction of VAT Reduced rate, middle

  • 87_NO - Services purchased from abroad, without deduction of VAT Regular rate

  • 89_NO - Services purchased from abroad, without deduction of VAT Reduced rate, low

  • 92_NO - Purchase of emissions trading or gold, without deduction of VAT Regular rate

For more information about the Norway tax codes, see Norway Tax Codes.

International Tax Reports Issue Fixes

The International Tax Reports SuiteApp includes the following issue fixes in 2022.1:

International Tax Reports 3.121.0 Issue Fixes

International Tax Report SuiteApp version 3.121.0 includes the following fixes:

  • Finland VAT Report – The report is updated to correctly calculate the value of the Tax payable/Tax that qualifies for refund box. For more information about the formula change, see What goes into each box – Finland VAT Report.

  • Germany Monthly/Quarterly VAT Report - Lines 62, 66, and 68 are updated with the correct formula:

    • Line 62 = Line 52 - Box 66 – Box 61 – Box 62 – Box 67 – Box 63 – Box 59 – Box 64

    • Line 66 = Line 62 + Box 65 + Box 69

    • Line 68 (Box 83) = Line 66 – Box 39

    For more information about Germany VAT reporting and formula changes, see Submission of VAT Returns in Germany and What goes into each box – Germany Monthly/Quarterly VAT report.

  • One Stop Shop (OSS) Tax Code for Croatia – The OSS standard tax code rate for Croatia is updated to 25%. To learn more about EU OSS tax codes, see EU One Stop Shop Tax Code Provisioning.

  • United Kingdom MTD Fraud Prevention Headers - The following headers are updated to show the correct values in compliance with the U.K. MTD requirements:

    • Gov-Vendor-Version

    • Gov-Client-Browser-Do-Not-Track

    To learn more about MTD fraud prevention headers, see Sending of MTD Anti-Fraud Headers.

International Tax Reports 3.122.0 Issue Fixes

International Tax Report SuiteApp version 3.122.0 includes the following fixes:

  • Denmark VAT Report - Box 2 is updated to correctly report the net amount of purchases IV-DK with the tax property corrected to report Import VAT. For more information about Denmark's tax codes and VAT report, see Denmark Tax Codes and What goes into each box – Denmark VAT Report.

  • Commodity Code – The Commodity Code Validation link on the Tax Reporting subtab of the Item record is now updated with the correct link. To learn about commodity codes, read Commodity Code.

  • Nature of Transaction Code – The NoTC Name now displays the NoTC code and the NoTC Description field truncates text of more than 300 characters. For more information on nature of transaction codes, see Nature of Transaction Code.

General Notices